Uber has announced it has sold a $500 million stake in its Uber Freight logistics business to New York-based private equity firm Greenbriar Equity Group. Uber will retain majority ownership of Uber Freight. The investment values the logistics arm of the company at $3.3 billion on a post-money basis. Visit Business Insider’s homepage for more… Continue reading Uber Freight raises $500 million from New York-based private equity firm at a $3.3 billion post-money valuation
Tag: Mobility
@GM: Buick Makes Bold Statement with Its Vision for Future EV Design
Buick Makes Bold Statement with Its Vision for Future EV Design Electra electric crossover concept makes global premiere 2020-09-28 SHANGHAI – The Buick Electra concept vehicle made its global premiere this evening in Shanghai. The all-electric crossover offers a sneak peek at Buick’s vision for a new intelligent electric future. “Today, Buick’s innovative thinking and… Continue reading @GM: Buick Makes Bold Statement with Its Vision for Future EV Design
Uber sells $500M stake in its freight business as the ride-hailing giant works to conserve cash
One year ago, Uber’s business model could be categorized as an “all of the above approach,” a strategy to generate revenue from all forms of transportation, including ride-hailing, micromobility, logistics and package and food delivery. The COVID-19 pandemic upended that business strategy, prompting Uber to offload its shared micromobility unit Jump, double down on delivery… Continue reading Uber sells $500M stake in its freight business as the ride-hailing giant works to conserve cash
GM unveils Buick Electra electric crossover concept, claims over 400 miles of range with Ultium battery
GM has unveiled a new Buick Electra electric vehicle concept and claims a range of over 400 miles with GM’s Ultium battery. The Buick Electra was a flagship luxury vehicle for the Buick brand for decades and now GM might bring it back as an electric car. In Shanghai this week, SAIC-GM, GM’s joint-venture in… Continue reading GM unveils Buick Electra electric crossover concept, claims over 400 miles of range with Ultium battery
@BMW: Start of production for fully-electric BMW iX3000612
Munich/Shenyang. The first fully-electric BMW iX3 has left the production line at the BMW Brilliance Automotive joint venture (BBA) in Shenyang, China. The workforce at the BBA Plant Dadong in Shenyang already celebrated the successful start of production on 29 September 2020. Franz Decker, head of BBA’s Technology and Production division, said during the event:… Continue reading @BMW: Start of production for fully-electric BMW iX3000612
@Ford: Ford Continues Share Gains; Ford Pickup Truck Sales Hit Best Third Quarter in 15 Years; Explorer Sales Accelerate 74 Percent; Lincoln Retail Posts Gains on Strong SUV Sales
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification; mobility solutions,… Continue reading @Ford: Ford Continues Share Gains; Ford Pickup Truck Sales Hit Best Third Quarter in 15 Years; Explorer Sales Accelerate 74 Percent; Lincoln Retail Posts Gains on Strong SUV Sales
Lucid Motors Opens Studio & Service Center in Beverly Hills
Having recently unveiled the Lucid Air Dream Edition, production of which will start in Spring of 2021, that car takes center stage at the Beverly Hills Studio, with customers able to review options for the full Lucid Air lineup of luxury, high-performance EVs. This includes the Lucid Air Grand Touring, which starts at $131,500 (after… Continue reading Lucid Motors Opens Studio & Service Center in Beverly Hills
Uber Freight raises $500 mln, valuation rises to $3.3 billion
By Reuters Staff 1 Min Read FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo (Reuters) – Uber Technologies Inc UBER.N said on Friday New York-based private equity firm Greenbriar Equity Group would invest $500 million in its logistics arm, Uber Freight, valuing the unit… Continue reading Uber Freight raises $500 mln, valuation rises to $3.3 billion
@niche: Nikola Appoints Steve Shindler to Board of Directors000141
PHOENIX, October 1, 2020 — Nikola Corporation (NASDAQ: NKLA) today announced that it has appointed Steve Shindler as a new independent director. In connection with his appointment, the Nikola Board of Directors has named Shindler Chair of the Audit Committee. The Company also announced today that Lonnie Stalsberg has decided to retire after more than… Continue reading @niche: Nikola Appoints Steve Shindler to Board of Directors000141
@Honda: Honda to Conclude Participation in FIA Formula One World Championship
TOKYO, Japan, October 2, 2020 – Honda Motor Co., Ltd. today announced that it has decided to conclude its participation in the FIA*1 Formula One (F1) World Championship as a power unit supplier at the end of the 2021 season. In 2015, Honda resumed competition in F1, the most prestigious automobile racing series in the world,… Continue reading @Honda: Honda to Conclude Participation in FIA Formula One World Championship